| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Hawk Corp. > News item |
S&P lifts Hawk from junk
Standard & Poor's said it raised its corporate credit and senior debt ratings on Hawk Corp. to BBB from B.
The ratings were removed from CreditWatch, where they were placed with positive implications in October following news of Carlisle Cos.'s plan to acquire Hawk, and then withdrawn.
The actions follow the completion of Carlisle's acquisition of Hawk. The corporate credit rating on Carlisle is BBB.
Carlisle intends to exercise its right to call Hawk's senior notes due 2014 in the first quarter of 2011, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.